With which profit sharing formula does the profit sharing pool become funded only after profits exceed a predetermined level, but fall below some established maximum level?

When paying via ________, the goods are shipped by the exporter and received by the importer before payment, and the exporter then bills the importer for the goods, stipulating the amount, form, and time at which payment is expected

A) payment in advance B) open account C) letters of credit D) countertrade

Which of the following accounts has a normal credit balance?

A) Sales Returns and Allowances B) Sales C) Merchandise Inventory D) Delivery Expense